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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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Lump Sum Social Security and Market Place
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judys3
Level 5
03-28-2024
10:11 AM
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A customer received in 2023 Lump Sum social security $81,748.50 and had Market place insurance. The lump sum payment was received late 2023. After entering tax information it's want them to pay back all the credit that was allowed for the insurance. Is this correct or did I miss something?
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judys3
Level 5
03-28-2024
10:24 AM
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I agree it's too high. I was just hoping I missed a box checking something that they didn't have to repay due to it being a lump sum social security payment for 3 years.
